investment

CBN TO AUCTION N166bn T-BILLS The Central Bank of Nigeria (CBN) will auction N166.1 billion in Treasury bills. The auction includes N27.11 billion for 91-day bills, N1.49 billion for 182-day bills, and N137.50 billion for 364-day bills. The CBN plans to issue N1.56 trillion in Treasury bills in...

MINISTER URGES SEC TO TACKLE CRYPTOCURRENCY CHALLENGES The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the newly inaugurated board of the Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies and maintain...

FINANCIAL ANALYSTS PREDICT STOCK MARKET PULLBACK IN H2 2024 Financial analysts from Arthur Steven Asset Management Limited (ASAM) have forecasted a potential pullback in the stock market during the second half of 2024, following its peak in the first half of the year. This was discussed during...

HOW TO EARN PASSIVELY: PART 2 – INVESTMENT-BASED PASSIVE INCOME Hi Everyone❤️. Welcome back to our series on how to earn passive income! Last week, we introduced the concept of passive income and its benefits. Today, we delve into part two, focusing on investment-based passive income. This...

FIDELITY BANK PLANS N26.7BN CAPITAL RAISE KEY DETAILS: - Capital Increase: Fidelity Bank has announced plans to raise its issued share capital from N22.6 billion to N26.7 billion by creating up to 8.2 billion additional ordinary shares, each valued at 50 Kobo. - Corporate Notice: This move...

Investing in the stock market can be rewarding, but it's important to steer clear of these common pitfalls: 1. Not Having a Clear Investment Plan - Mistake: Investing without defining clear goals, risk tolerance, and time horizon. - Solution: Develop a well-defined investment plan that aligns...

Key Points: - SEC's Directive: - The Securities and Exchange Commission (SEC) has mandated all Nigerian fund managers to disclose detailed information about their investments in the recently liquidated Heritage Bank. - Circular Issued: - Tarfa Makyur, Head of the Monitoring Department at...

NGX TRADING SUMMARY FOR FRIDAY, JUNE 21, 2024 Key Points: - Trading Volume and Value: - Total shares traded: 617,222,617 - Total deals: 9,273 - Total market value: NGN 11,346,077,481.95 - Compared to the previous trading day (Thursday, June 20), there was a: - 53% decline in volume...

INVESTMENT TERMS YOU SHOULD KNOW: Dear Investors❤️. Navigating the world of investments can be a bit complex especially with the use of terms. This guide aims to simplify some of the most commonly used investment terms, providing clear and concise explanations to help you gain a better...

DANGOTE TARGETS STEEL MANUFACTURING AS NEXT INVESTMENT VENTURE Summary: Alike Dangote, Africa’s richest man, announced plans to venture into the steel market following successful investments in food, cement, and energy sectors. Details: - Announcement Venue: Afreximbank Afro-Caribbean Trade &...

HIGHLIGHTS FROM FCMB GROUP'S 11th ANNUAL GENERAL MEETING Key Announcements and Shareholder Sentiments: - Capital Raising Programme: FCMB Group Plc plans to raise N150bn in capital to support future growth. This move was approved at the 11th annual general meeting and met with optimism from...

UNITY BANK'S FINANCIAL PROJECTIONS FOR Q3 2024: 1. Profit Projection: - Unity Bank Plc projects a post-tax profit of N5.2 billion for the third quarter of 2024. 2. Revenue Growth: - The bank aims to grow its gross revenue by 8.2%, reaching N26.93 billion, up from N24.89 billion in Q2...

ARADEL HOLDINGS TO EXIT NASD, LIST SHARES ON NGX BY INTRODUCTION 1. Exit from NASD: - Aradel Holdings Plc, a leading energy company in Nigeria, plans to leave the NASD over-the-counter (OTC) Securities Exchange. - The decision was approved by shareholders at the Annual General Meeting...

COMMERCIAL PAPERS 101: AN INVESTOR'S GUIDE What is Commercial Paper? Commercial paper is an unsecured, short-term debt instrument issued by corporations to raise funds for a specified period, usually ranging from 15 days to 270days. These papers serve as a cost-effective alternative to...

NGX TRADING SUMMARY FOR TUESDAY, June 11, 2024: 1. Trading Volume and Value: - Total shares traded: 848,965,335 - Number of deals: 8,064 - Total market value: NGN 16,551,035,805.29 - Compared to the previous trading day (Monday, June 10): - Trading volume decreased by 12%...

RECAPITALIZATION OF NIGERIAN BANKS AND ITS IMPACT ON THE CAPITAL MARKET- ASHON CHAIRMAN: 1. Recapitalization Requirements: - The Central Bank of Nigeria (CBN) announced new capital base requirements for banks, ranging from N200 billion to N500 billion, based on the bank’s authorization...

BOOK REVIEW: "REMINISCENCES OF A STOCK OPERATOR" BY EDWIN LEFÈVRE Dear Investors❤️. Welcome to Tuesday and another book review day. This book is a captivating account of a fictionalized stock trader's life, loosely based on the experiences of the real-life trader Jesse Livermore. Let's delve...

KEY POINTS FROM THE NGX TRADING SUMMARY FOR MONDAY, JUNE 10, 2024: 1. Trading Volume and Value: - Total shares traded: 963,540,754 - Total deals: 8,657 - Market value: NGN 13,497,574,792.56 2. Comparison to Previous Trading Day: - Volume increased by 148% - Turnover increased...

EIGHT INSURANCE FIRMS ’ GROSS PREMIUMS RISE TO N367BN The gross written premiums of eight insurance firms in Nigeria increased by 22.43% year-on-year to N367.66 billion in 2023, up from N300.31 billion the previous year. Their profits surged by 177.57% to N68.94 billion from N24.83 billion...

INVESTMENT STRATEGIES 105: BALANCING YOUR PORTFOLIO WITH VALUE AND GROWTH STOCKS Dear great minds❤️, for some weeks now, we have been having a series on investment strategies with a focus on value and growth stocks. Now, to wrap that up, let's look at how you can balance your investment...